France’s former president Jacques Chirac dies aged 86 September 26, 2019 Former French president Jacques Chirac has died aged 86, it emerged today. Chirac, who for some years had suffered from memory loss believed to be linked to Alzheimer’s, was France’s head of state from 1995 to 2007. Read more: France nominates central bank deputy as EU commissioner Chirac served as France’s president twice, and was [...]
ECB’s German hawk quits as bank prepares to loosen purse strings September 26, 2019 The only woman on the European Central Bank’s board quit last night, as the bank prepares to resume pumping money into the struggling Eurozone economy. Sabine Lautenschlaeger felt it was the right time to leave, according to reports, and will quit the bank on 31 October. Read more: ‘We had to respond’: ECB defends move [...]
Pearson share price drops as weak print sales hurt profit September 26, 2019 Pearson’s share price dived over 14 per cent this morning as it warned that profits will fall to the bottom of its guidance range this year. The education publishing brand said “weaker than expected” sales in its US higher education courseware division mean adjusted operating profit will hit £590m, far off the £640m it had [...]
Peloton IPO: At-home exercise firm prices float at $29 per share September 26, 2019 Exercise bike firm Peloton has priced its initial public offering (IPO) at $29 per share to value the company at $8bn (£6.47bn). Peloton priced its float at the top of its $26 to $29 range last night as it looks to raise $1.16bn. Read more: Why Wework’s IPO strategy is not working for investors The [...]
US markets sink as transcript shows Trump asked Ukraine to dig dirt on Joe Biden September 25, 2019 President Donald Trump urged his Ukraine counterpart to contact the US attorney general about investigating unsubstantiated corruption claims concerning political rival Joe Biden, according to a transcript the White House released today. Trump told Ukrainian President Volodymyr Zelensky that he should contact attorney general William Barr and Trump’s own lawyer Rudolph Giuliani. Read more: Donald [...]
Boris Johnson lands in UK as MPs prepare to grill him in parliament September 25, 2019 Boris Johnson’s RAF Voyager plane has touched down in London just over an hour before MPs are set to return to the House of Commons after yesterday’s Supreme Court ruling. Read more: Prime Minister flies into Brexit storm as Supreme Court rules prorogation unlawful The Prime Minister cut short his New York trip to face [...]
Red flag warning as Aston Martin raises $150m from bond issue September 25, 2019 James Bond favourite Aston Martin has successfully raised $150m (£120m) from a bond issue as it seeks to improve liquidity in an uncertain trading environment. Read more: Short sellers target Aston Martin’s debt pile The luxury carmaker’s $150m raise involved 12 per cent notes due in 2022. But shares sank as investors quailed at the [...]
UK weather forecast: Showers to batter Brits until Sunday after rainfall causes travel havoc September 25, 2019 UK faces days of downpours after almost a month’s worth of rain fell across Britain in just 12 hours. Some areas were drenched with above 50mm of rainfall yesterday, according to the Met Office. That was only around an inch off the total rainfall in September. Read more: ‘Torrential’ thunderstorms to shatter London heatwave The [...]
Trump turns Twitter fire on Democrats as impeachment inquiry opens September 25, 2019 US President Donald Trump launched a frenzied Twitter attack on Democrats overnight as the party launched an official impeachment inquiry over allegations that he pressurised a foreign power to hurt rival Joe Biden. “The actions taken to date by the President have seriously violated the Constitution,” Democrat speaker of the House Nancy Pelosi said last [...]
Should Boris Johnson resign? Reaction to Supreme Court ruling September 24, 2019 Today the Supreme Court found that Boris Johnson had acted unlawfully in suspending parliament for five weeks ahead of the Brexit deadline. Saying the suspension took place in “unusual circumstances” , court president Lady Hale declared that “parliament has not been prorogued”, prompting speaker John Bercow to recall MPs to parliament for 11.30am tomorrow. Read [...]